Mving stop loss to break even or in the profit zone??

[fer]

Naturally the best option is to move the stop to a profitable level but only if market conditions permit this, if we are seeing that market is moving opposite to our expectation and trade and we expect further move it is better to cut the position at that level itself.

when the market seems to break there might be some very odd movements.10 pips 10pips up and down as that.so am scared to see it and change the SL in a few minutes.keep calm if the diagnosis is correct.

[mim420]

First of all we cant move the stop loss to profit without actually having a larger profit than the stop loss. If you have a good its advisable to lock some profit. It is up to you to decide whether you need to change the stop loss. As said before if you have a large profit it is always better to lock 50of your profit...............

[erlangga]

we can move our stop loss in break even if we just get 15 pips only, but if we can make more than 15 pips, i think we can move our stop loss in the profit zone and lock our profit

[kakolibalae]

If the live direction actually indicates a tough existence to disruption the keep or status levels, then I would suggest my halt diminution to breakeven repair, but if not, then I won't. Because if there's truly no necessary drive for you to move you SL, then you are exclusive overeager to propose it because of the respect of losing.

[aidilburhan]

what i do is all depend on the situation,, if my open position is following the trend i will put my stoploss to+1 and if i earn the greens only in correction time i'll look at the best time to exiting the market,,

[Kashif.Rizwan]

My question is shall we move the sl to the BE only or can we move it to the profit zone so that we can lock some profit. Which one is better??if we are seeing that market is moving opposite to our expectation and trade and we expect further move it is better to cut the position at that level itself.

[nayeem5]

Forex is a good job.of course you can do that, and if you can use trailing stop loss too, it will move with automatically when your order go at floating positive...and with this way the trader can lock their profit.Best of luck...........................

[keroso1]

this is for sure true and make you trade confortable my friend so for me i think that we have to make sure to understand that a lot of traders can make really very good profits from that way

[poranpakhi01]

Forex is a good money making business.of course you can do that, and if you can use trailing stop loss too, it will move with automatically when your order go at floating positive...and with this way the trader can lock their profit.Good luck....................

[legendpoet]

yes we can use this like if we have 25 pips in profit so now we can risk 20 pips and if our stop loss is hit so now we can get 5 pips profit because we lock our profit so we can use like this and that can be very good then